Mount Yale Investment Advisors LLC Sells 29 Shares of EMCOR Group, Inc. (NYSE:EME)

Mount Yale Investment Advisors LLC reduced its position in EMCOR Group, Inc. (NYSE:EME) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,099 shares of the construction company’s stock after selling 29 shares during the period. Mount Yale Investment Advisors LLC’s holdings in EMCOR Group were worth $953,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group in the third quarter worth approximately $33,000. Anchor Investment Management LLC boosted its holdings in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after acquiring an additional 50 shares during the period. True Wealth Design LLC grew its position in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after acquiring an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in EMCOR Group in the third quarter worth $49,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

NYSE:EME opened at $429.70 on Tuesday. The firm has a market cap of $19.77 billion, a PE ratio of 21.82 and a beta of 1.12. The company has a 50-day moving average of $490.19 and a 200 day moving average of $437.44. EMCOR Group, Inc. has a 1-year low of $220.62 and a 1-year high of $545.29.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.61 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio is presently 5.08%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EME. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. Northcoast Research began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.